'A big job on his hands': Reaction to Jupiter hiring Formica as CEO

Formica is expected to take over as CEO and director of the firm from 1 March, subject to regulatory approvals, it was announced this morning (22 January) with current CEO Slendebroek remaining in the business until 1 May to ensure a smooth leadership transition and handover. Sophie Kennedy, head of investing at EQ Investors, said: "It's good to see Andrew Formica returning to the funds industry; we were surprised by his departure from Janus Henderson. He certainly has a big job on his hands at Jupiter." Morningstar said in a statement that it did not expect "any sea change in the fir...